Will IKEA Find a Home in India

Swedish giant IKEA, which got the Indian government’s approval to start operations under the single brand retail category in 2013, is gearing up for its India launch. Its first store is scheduled to open in Hyderabad early next year. Next on the list are Mumbai, Bangalore and Delhi NCR. By 2030, IKEA plans to open 25 stores across the country at an investment of Rs.500 crore to Rs.700 crore ($77 million to $100 million) per store.